$DCRN ➡️ @tritium IP highlights
Valuation at 1.4b
Free cash flow 2023
Will trade under $DCFC (DC fast charge 🧐)
24% for $DCRN share holders
No pipe
IP - sec.gov/Archives/edgar…
The #EVrevolution
As batteries decrease in price and achieve longer range it’s now possible for electrification
Projected growth to 55 million #electricvehciles by 2040
@tritium
DC charging company (5-10) competitors globally
Around since 2001
Global reach with charging in 41 countries
Market share - US 15%, EU 20%, Asia pacific over 75%
Why choose @tritium
Lowest Total cost of ownership -37% compared to competitors
Lower footprint for charging units
Multiple types of DC chargers depending on needs of company
@tritium Financials
Established company with actual revenue 😱59m in 2021
Projected revenue of 84m in 2021, 170m in 2022, 359m on 2023, 603m in 2024, almost 1 b in 2025
My take of @tritium
This is the type of #Spac I’m always looking for - DC charging has much greater speed then conventional. I love expanding my charging portfolio. We have $CHPT with the US market, $TPGY with the European market and now $DCFC / $DCRN with the Asia pacific.
Special thanks @SpacTiger for pointing out this #spac a few months back - so thank you 🙏
300+ Tritium RTM fast chargers are anticipated to be installed by @EvieNetworks over the next 2 years. With funding from @ARENA_aus, the chargers will be installed at 158 destinations
$DCRN in the news
8/24/21
Partnership with #mining industry with project for @bhp, through @TritiumCharging technology that meets and exceeds Australian mining standards and advanced mining #EVs from @MillerTechNB.
@TritiumCharging and $DCRN raised another 40 million Australian dollars (29.85 million USD) from @Cigna to continue global expansion - with increased focus on #california + #Norway
Tritium is expanding with a new office in #Singapore who has created an early #ev incentive by 2030 - 30% of vehicles to be #ElectricVehicles and 12,000 chargers
@TritiumCharging partners with @ChargeNetStnUS to put DC fast charging and solar stations @tacobell in #SanFrancisco and plans to expand to 250 locations in 5 states - you can get 46 miles of charge in 10 minutes